Logo-color Logo-white

NZDUSD broke the resistance zone Likely to rise to resistance level 0.5800 NZDUSD currency pair recently broke the resistance zone between the key resistance level 0.5700 (which stopped the earlier waves iv, 2 and ii), the resistance trendline of the daily down channel from November and the 38.2% Fibonacci correction of the downward impulse from […]

The post NZDUSD Wave Analysis appeared first on Action Forex.

previous

Gold Wave Analysis

next

EUR/USD Picks Up Steam—Will It Break Key Resistance?

Read More

09/11/2024

Weekly Economic & Financial Commentary: Higher Rates Likely Under Trump Administration

Summary United States: Election Results Don’t Clarify the Outlook Even as the 2024 presidential election has come and gone, there is still a tremendous amount of uncertainty regarding the trajectory of the economy and Fed policy. Tariffs and a tax policy look to be on the docket in the next administration, which could come with […]
29/02/2024

CHF: Key Zone Could Yield Strong Reactions

USD/CHF saw a rebound after declining for two days straight, climbing towards the important psychological level of 0.8800 during Wednesday’s early Asian trading session. There’s some pressure on the Swiss Franc (CHF) as traders await the Swiss ZEW Survey – Expectations report scheduled for later today. Moreover, investors are keeping an eye on Thursday’s release […]
14/03/2024

Copper Rises Rapidly to 11-Month High

Copper wins nearly 3.0% on production cuts Overbought signals detected around key resistance Copper futures (May delivery) surged to an almost one-year high of 4.04 on Wednesday after China’s biggest producers agreed on a rare supply cut amid raw material shortages. Technically, the 61.8% Fibonacci retracement of the 2023 downtrend is currently under examination. A step […]